Agricultural lending by credit unions

Keith Leggett

American Bankers Association, 1999, vol. 12, issue 2

Abstract: Today, 262 credit unions are actively making agricultural business loans. The enactment of the Credit Union Membership Access Act will only promote the continued expansion of credit to the farm sector by credit unions. While the Farm Credit System poses the greatest challenge to farm banks today, bankers should not take lightly the competitive threat in their local markets arising from tax-exempt credit unions. As of 1997, credit unions had 0.5% market share of non-real estate farm business debt. While relatively small, agricultural business lending by credit unions, since 1992, has grown at a compounded annual rate of almost 13% to $417.1 million by 1997.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/336463/files/ers2022-23-0419.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:abajal:336463

Access Statistics for this article

More articles in American Bankers Association from American Bankers Association > Journal of Agricultural Lending
Bibliographic data for series maintained by AgEcon Search ().